Speculators Quotes - Page 2

• Despite the deep reforms we are making, traders and speculators have forced interest rates on Greek bonds to record highs.

  George Papandreou

  Greek, Reform, Records

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• I found so many Jews and speculators here trading in cotton, and secessionists had become so open in refusing anything but gold, that I have felt myself bound to stop it. The gold can have but one use - the purchase of arms and ammunition... Of course, I have respected all permits by yourself or the Secretary of the Treasury, but in these new cases (swarms of Jews), I have stopped it.

  William Tecumseh Sherman

  Gold, Use, Cotton

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• Value investors should completely exit a security by the time it reaches full value; owning overvalued securities is the realm of speculators.

  Seth Klarman

  Exit, Should, Realms

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• Almost no one will accept responsibility for his or her role in precipitating a crisis: not leveraged speculators, not willfully blind leaders of financial institutions, and certainly not regulators, government officials, ratings agencies or politicians.

  Seth Klarman

  Responsibility, Agency, Government

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• Traditionally the investor has been the man with patience and the courage of his convictions who would buy when the harried or disheartened speculator was selling.

  Benjamin Graham

  Men, Investing, Selling

  Benjamin Graham, David Dodd (2008). “Security Analysis: Sixth Edition, Foreword by Warren Buffett”, p.35, McGraw Hill Professional

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• You cannot do anything without rousing the masses to action. A plenary meeting of the Soviet must be called to decide on mass searches in Petrograd and the goods stations. To carry out
  these searches, each factory and company must form contingents, not on a voluntary basis: it must be the duty of everyone to take part in these searches under the threat of being deprived of
  his bread card. We can't expect to get anywhere unless we resort to terrorism: speculators must be shot on the spot. Moreover, bandits must be dealt with just as resolutely: they must be
  shot on the spot.

  Vladimir Lenin

  Cards, Bread, Action

  "Meeting of the Presidium of the Petrograd Soviet With Delegates From the Food Supply Organisations (January 27, 1918)". Krasnaya Letopis No. 1, 1924. Collected Works, Volume 26, p. 501, www.marx2mao.com.

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• We accept it as normal that people who have never been on the land, who have no history or connection to the country, may legally secure the right to come in and, by the very nature of their enterprises, leave in their wake a cultural and physical landscape utterly transformed and desecrated. What's more, in granting such mining concessions, often initially for trivial sums to speculators from distant cities, companies cobbled together with less history than my dog, the government places no cultural or market value on the land itself.

  Wade Davis

  Country, Dog, Cities

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• By the aristocracy of finance must here be understood not merely the great loan promoters and speculators in public funds, in regard to whom it is immediately obvious that their interests coincide with the interests of the state power. All modern finance, the whole of the banking business, is interwoven in the closest fashion with public credit.

  Karl Marx

  Fashion, Aristocracy, Banking

  Karl Marx, David McLellan (2000). “Karl Marx: Selected Writings”, p.334, Oxford University Press, USA

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• End perverse incentives that reward Wall Street speculators.

  Ralph Nader

  Wall, Incentives, Rewards

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• Ask yourself: Am I an investor, or am I a speculator? An investor is a person who owns business and holds it forever and enjoys the returns that U.S. businesses, and to some extent global businesses, have earned since the beginning of time. Speculation is betting on price. Speculation has no place in the portfolio or the kit of the typical investor.

  John C. Bogle

  Forever, Typical, Return

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• O speculators about perpetual motion, how many vain chimeras have you created in the like quest? Go and take your place with the seekers after gold.

  Leonardo da Vinci

  Gold, Quests, Vain

  Leonardo (da Vinci) (1906). “Note Books: Arranged and Rendered Into English, with Introd”

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• While no one wishes to incur losses, you couldn't prove it from an examination of the behavior of most investors and speculators. The speculative urge that lies within most of us is strong; the prospect of a free lunch can be compelling, especially when others have already seemingly partaken. It can be hard to concentrate on potential losses while others are greedily reaching for gains and your broker is on the phone offering shares in the latest "hot" initial public offering. Yet the avoidance of loss is the surest way to ensure a profitable outcome.

  Seth Klarman

  Strong, Lying, Loss

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• In the 1920s, Wall Street was a world that was really dominated by professional speculators and stock pools. These people had a monopoly over information.

  Ron Chernow

  Wall, People, World

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• Beautiful credit! The foundation of modern society. Who shall say that this is not the golden age of mutual trust, of unlimited reliance upon human promises? That is a peculiar condition of society which enables a whole nation to instantly recognize point and meaning in the familiar newspaper anecdote, which puts into the mouth of a distinguished speculator in lands and mines this remark: -- I wasn't worth a cent two years ago, and now I owe two millions of dollars.

  Mark Twain

  Beautiful, Two, Years

  Mark Twain (2017). “The Complete Novels of Mark Twain (Illustrated): 12 American Classics & Author’s Biography: The Adventures of Tom Sawyer & Huckleberry Finn, A Horse’s Tale, The Prince and the Pauper, The American Claimant, The Mysterious Stranger…”, p.823, e-artnow

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• Wake up, America. The insurance companies took over health care. Wake up, America. The pharmaceutical companies took over drug pricing. Wake up, America. The speculators took over Wall Street. Wake up, America. They want to take your Social Security. Wake up, America. Multinational corporations took over our trade policies, factories are closing, good paying jobs lost. Wake up, America. We went into Iraq for oil.

  Dennis Kucinich

  Wall, Oil, Iraq

  Dennis Kucinich's Speech at the Democratic National Convention in Denver, Colorado, www.politico.com. August 26, 2008.

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• We find two great gangs of political speculators, who alternately take possession of the state power and exploit it by the most corrupt ends -- the nation is powerless against these two great cartels of politicians who are ostensibly its servants, but in reality dominate and plunder it.

  Friedrich Engels

  Reality, Two, Political

  Karl Marx, Friedrich Engels (1959). “Basic writings on politics and philosophy”, Anchor

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• The mathematical expectation of the speculator is zero.

  Louis Bachelier

  Zero, Expectations, Mathematical

  Louis Bachelier (2011). “Louis Bachelier's Theory of Speculation: The Origins of Modern Finance”, p.28, Princeton University Press

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• Here’s how to know if you have the makeup to be an investor. How would you handle the following situation? Let’s say you own a Procter & Gamble in your portfolio and the stock price goes down by half. Do you like it better? If it falls in half, do you reinvest dividends? Do you take cash out of savings to buy more? If you have the confidence to do that, then you’re an investor. If you don’t, you’re not an investor, you’re a speculator, and you shouldn’t be in the stock market in the first place.

  Seth Klarman

  Fall, Makeup, Saving

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• The sober people of America are weary of the fluctuating policy which has directed the public councils. They have seen with regret and indignation that sudden changes and legislative interferences, in cases affecting personal rights, become jobs in the hands of enterprising and influential speculators, and snares to the more-industrious and less informed part of the community. They have seen, too, that one legislative interference is but the first link of a long chain of repetitions, every subsequent interference being naturally produced by the effects of the preceding.

  James Madison

  Trust, Jobs, Regret

  Thomas Paine, Alexander Hamilton, James Madison, John Jay (2017). “The Origin of the Nation: Declaration of Independence, Constitution, Bill of Rights and Other Amendments, Federalist Papers & Common Sense: Creating America - Landmark Documents that Shaped a New Nation”, p.266, Madison & Adams Press

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• The individual investor should act consistently as an investor and not as a speculator. This means ... that he should be able to justify every purchase he makes and each price he pays by impersonal, objective reasoning that satisfies him that he is getting more than his money's worth for his purchase.

  Benjamin Graham

  Money, Mean, Investing

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• The few own the many because they possess the means of livelihood of all ... The country is governed for the richest, for the corporations, the bankers, the land speculators, and for the exploiters of labor. The majority of mankind are working people. So long as their fair demands - the ownership and control of their livelihoods - are set at naught, we can have neither men's rights nor women's rights. The majority of mankind is ground down by industrial oppression in order that the small remnant may live in ease.

  Helen Keller

  Country, Mean, Men

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• If a man walks in the woods for love of them half of each day, he is in danger of being regarded as a loafer. But if he spends his days as a speculator, shearing off those woods and making the earth bald before her time, he is deemed an industrious and enterprising citizen.

  Henry David Thoreau

  Nature, Science, Men

  "Life Without Principle" (1863)

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• Speculators get a bad rap. In the popular imagination they're greedy, heedless, and amoral, adept at price manipulations and dirty tricks. In reality, they often play a key role in making markets run smoothly.

  James Surowiecki

  Running, Rap, Dirty

  "Right Trade, Wrong Time". www.newyorker.com. October 20, 2003.

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• In the discovery of secret things and in the investigation of hidden causes, stronger reasons are obtained from sure experiments and demonstrated arguments than from probable conjectures and the opinions of philosophical speculators of the common sort.

  W. S. Gilbert

  Philosophical, Discovery, Secret

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• If the world market believed that we were serious about energy independence and we were going to utilize all of our own existing resources, the speculators would stop speculating up they start speculating down as we get our own oil out of the ground.

  Herman Cain

  Oil, Independence, Energy

  Herman Cain's remarks at the Republican primary debate at Peace Center in Greenville, South Carolina, www.washingtonpost.com. May 6, 2011.

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